CA Assembly Resolution Calls On Banks To Cut Off Firearm Industry

By Tom Knighton

For over a year, there’s been a kind of economic warfare being waged against the firearm industry. While gun manufacturers and retailers have complied with every law on the books, they’ve still found themselves being cut off from financial services, often without warning. In the process, it’s created all kinds of headaches for these companies.

It’s not just one outfit doing it, either, but a number of companies who have suddenly severed ties with longtime customers.

Luckily, these companies could find alternatives and move forward, though not without some difficulty.

It seems that for some California lawmakers, the problem in this is that they could find alternatives.

California has 109 gun-control laws that restrict how and where guns can be used – more than any other state in the country.

Now, Assemblywoman Sydney Kamlager-Dove (D-Los Angeles) wants to “encourage” financial institutions to stop lending to gun manufacturers and gun retailers, through Assembly Concurrent Resolution 115. Resolutions are usually trial balloons for future legislation, and do not require the Governor’s signature.

The purpose of Kamlager-Dove’s bill is “to affect the proliferation of guns by urging six nationally chartered banks to curtail their relationships with gun manufacturers. If major banks refuse to extend credit to …Read the Rest

Source:: Bearing Arms